Germany

European politics 28th September 2020

Populism In Germany Is Becoming Increasingly Unpopular

Lidia Conde (Frankfurt) | Are there many? Or just a few? One in five Germans believes in populist arguments or has ideas which go against the system or the elite or pluralism. Two years ago, it was one in three. According to a study by the Bertelsmann Foundation, populism is less and less popular. However, watching thousands of people demonstrating against the anti-pandemic restrictions in a country which is a model in containing the pandemic, one wonders if Germany has not gone completely mad.

In the World, World politics 24th August 2020

Apologies Or Reparations?

Donato Ndongo-Bidyogo | Tanzania also wants reparations from Germany for the atrocities carried out between 1905 and 1907. “Other countries have been compensated for war crimes. Why not us?, said MP Cosato Chumi. Berlin acknowledges the genocide but it doesn’t want to pay reparations and it is trying to agree some formal apology with Windhoek (Namibia). Ruprecht Polenz, the German negotiator says genocide does not imply reparations, only political and moral redress. In Dodoma (Tanzania), the German Foreign Minister Heiko Maas proposed “forms of mutual support” other than “compensation.” Given the concern of other former empires and the necessary paradigm shift in Euro-African relations, Merkel is in two minds about opening this Pandora’s box.

World economy 31st July 2020

USA And Germany: The Engine Of The Two Western Locomotives Is Seizing Up

The economic growth of both economies has fallen sharply in the Q2 of the year due to the coronavirus restriction measures. Germany’s GDP saw a decrease of 11.7% on yoy rate. The country was plunged into the deepest recession in post-war history. On the other side of the Atlantic, the US GDP was down 32.9% in annualised terms, the biggest fall since the current historical series began in 1947. Spain and France accompany them with record contractions of 22,1% and 19%, respectively.

European politics 13th July 2020

A More European Germany Than Ever Presiding Over Europe

Lidia Conde (Frankfurt) | Germany takes over the rotating presidency of the European Union Council from July. The other member states’ expectations are high. All the dimensions of the health, social and economic impact of the coronavirus are still unknown. But we know that the consequences could be immense. All together to relaunch Europe” is the German Presidency’s motto and one which is not just words. Germany and its Chancellor Angela Merkel are committed to it.

Ibex, Markets 7th July 2020

Telefónica, Germany’s SAP Create An Alliance To Host A Large Private Cloud In Spain

Telefónica and SAP Spain have announced an agreement to promote business cloud computing services, both in the form of private cloud from Telefónica’s Infrastructures as a Service in Madrid (IaaS), and in the public cloud (SaaS). Amongst the main milestones of the partnership between the two firms is the conversion of Telefónica’s data centre into the first in Spain to offer private SAP cloud services.

Uncategorised 26th June 2020

A Message To The German Constitutional Court: There Is A Debate On Asset Purchases At The ECB

Intermoney | Within the ECB, they are not forgetting the clash it has had with the German Constitutional Court, after the latter ruled the bank’s bond purchase programme is “partially unconstitutional.” In fact, it is one of the problems they have to solve before the institutional break in August. Meanwhile, the central bank’s internal forum is still debating the question of whether the buying programme had an impact on economic and financial policy. The members of the Governing Council have been discussing the pros and cons of its monetary policy.

European economy 4th June 2020

The German Rescue Fund Reaches €1.3 Tr (4% GDP), By Far The Largest In Europe

In Germany, Angela Merkel has announced a 130 billion euro stimulus package to combat the crisis caused by the pandemic. After the second day of negotiations, the German coalition government has managed to agree on an aid programme to be implemented between this year and next, which will be added to the one launched in March, valued at 156 billion euros, exceeding the initial estimates of 50-100 billion.

European economy 26th May 2020

The First Part Of German GDP’s Drama In Detail

Martin Moryson (DWS ) | The data published yesterday by the Federal Statistical Office confirms the 2.2% decline in German economic output in the first quarter. This had already been calculated in a previous estimate. Combined with the last negative growth quarter of 2019, Germany is now officially in recession. However, Q1 is only the beginning. The real drama will only become evident in the figures for the Q2. Here we expect a 10 percent decline.

European economy 12th May 2020

The ECB Increases Its Emergency Purchases By 54% In The Week Of Germany’s Constitutional Court Ruling

Just a few weeks before the ECB’s key meeting (4th June), Lagarde has responded to Germany with the biggest weekly purchase since the start of the pandemic: 44 billion euros, 54% higher than the weekly average since April. Furthermore, Olli Rehn affirmed that the German Constitutional Court’s ruling could have an impact on the central banks’s ability to exercise its price stability mandate.

European economy 6th May 2020

Why Is The German Constitutional Court Now Challenging The ECB’s Purchase Programme And European Justice?

The German Constitutional Court surprised everyone yesterday with a ruling that some of the European Central Bank (ECB)’s actions, carried out as part of its 2015 bond purchase programme (PSPP), are unconstitutional. This decision clashes directly with the judgement of the European Court of Justice (ECJ). The decision does not call into question the entire debt purchase programme, but rather the part relating to the Bundesbank’s intervention.

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